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IP Entrepreneurial success

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Conceptualization of <strong>Entrepreneurial</strong> Success<br />

(Dej, Gorgievski, Augustin, Wegge, 2009)<br />

company succes<br />

Rentability (e.g. profitable firm)<br />

Growth (employee, revenue, profit)<br />

Innovation<br />

Being better compared with competition<br />

.70<br />

.62<br />

social <strong>success</strong><br />

Contributing back to the society<br />

Social responsibility for employees<br />

Creating new working places<br />

Professional reputation<br />

<strong>Entrepreneurial</strong><br />

.78<br />

<strong>success</strong><br />

Alpha<br />

between .71<br />

and .90<br />

.83<br />

.60<br />

employee &<br />

customer<br />

relations<br />

personal financial<br />

<strong>success</strong><br />

Positive relations with clients<br />

Employee satisfaction and loyalty<br />

Positive & supportive working climate<br />

Personal income enhancement<br />

To afford a good life<br />

Personal financial & family security<br />

personal non<br />

financial <strong>success</strong><br />

Work-life balance & time flexibility<br />

Making decisions, challenge<br />

Personal development<br />

12

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